In terms of supply and profit, the capacity of spandex will increase the most in 2022

In terms of supply and profit, the capacity of spandex will increase the most in 2022. Thus, the profit of spandex is expected to reduce from high level. The capacity of nylon fiber is the smallest. If enterprises operate appropriately, the profit is supposed to sustain. As for PFY market, the profit is likely to shrink amid weak demand and high capacity expansion. However, the capacity expansion on upstream feedstock market is large, which will weigh on feedstock price and be supportive to the profit of PFY. PFY is likely to enjoy price advantage among major chemical fibers. As for the varieties, the profit of polyester FDY may be worse than that of POY with not high capacity concentration ratio and worse industrial cooperation. On the contrary, the profit of nylon FDY will be better than that of POY supported by demand.